In the last trading session, 14.77 million shares of the Lumen Technologies Inc (NYSE:LUMN) were traded, and its beta was 1.21. Most recently the company’s share price was $4.81, and it changed around $0.02 or 0.42% from the last close, which brings the market valuation of the company to $4.88B. LUMN currently trades at a discount to its 52-week high of $10.33, offering almost -114.76% off that amount. The share price’s 52-week low was $0.97, which indicates that the current value has risen by an impressive 79.83% since then.
Lumen Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.86. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended LUMN as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Lumen Technologies Inc is expected to report earnings per share of -0.27 for the current quarter.
Lumen Technologies Inc (NYSE:LUMN) trade information
Instantly LUMN has showed a green trend with a performance of 0.42% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.15 on recent trading dayincreased the stock’s daily price by 6.6%. The company’s shares are currently down -9.42% year-to-date, but still up 8.33% over the last five days. On the other hand, Lumen Technologies Inc (NYSE:LUMN) is -2.63% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -20.25% from its current value. Analyst projections state that LUMN is forecast to be at a low of $3.15 and a high of $10.
Lumen Technologies Inc (LUMN) estimates and forecasts
The year-over-year growth rate is expected to be -5.67%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 3.12B in revenue for the current quarter. 9 analysts expect Lumen Technologies Inc to make 3.09B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.29B and 3.27B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.04%. Forecasts for the next quarter put sales growth at -5.31%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 59.19%.
LUMN Dividends
Lumen Technologies Inc’s next quarterly earnings report is expected to be released in April.
VANGUARD GROUP INC, with 11.9933% or 118.12 million shares worth $129.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 47.06 shares worth $226.36 million, making up 4.64% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 32.07 shares worth around $154.26 million, which represents about 3.16% of the total shares outstanding.
